Why Farfetch Stock Is Soaring Today
(NYSE: FTCH) stock is seeing big gains in Wednesday's trading. The company's share price was up 14.3% as of 2:15 p.m. ET, according to data from S&P Global Market Intelligence.
Farfetch stock is rebounding today following news that the struggling company could be on track to secure new sources of outside funding. Sky News published a report today announcing it had learned that Apollo Management could be interested in investing in the beaten-down e-commerce specialist. Sky News also said that other parties are potentially looking at providing funding for Farfetch.
Today's gains for Farfetch stock come on the heels of a massive crash at the beginning of the week following news that Moody's had downgraded the company's credit rating.
Source Fool.com
Farfetch Ltd Stock
Our community is currently high on Farfetch Ltd with 3 Buy predictions and 1 Sell predictions.
With a target price of 8 € there is potential for a 79900.0% increase which would mean more than doubling the current price of 0.01 € for Farfetch Ltd.
